"We all agree that your theory is crazy, but is it crazy enough?"
- Niels Bohr (1885-1962)

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Tuesday, September 6, 2016

A Labor Day Late and a Dollar Short

"By the end of 2014, former Treasury Secretary Lawrence Summers stated that he no longer believed that the automation process would create new jobs to replace the ones it was eliminating... there is no reason to believe there will be jobs for all people at socially acceptable wages.""We could be looking at a society that grows ever richer, but in which all the gains in wealth accrue to whoever owns the robots."From People Get Ready by Robert W. McChesney and John Nichols